Okaloosa County BOCC — October 18, 2016 — Public Financial Management Amendment Number One — agenda request

BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: October 18, 2016 TO: Honorable Chairman and Members of the Board FROM: Tracy Stage SUBJECT: Public Financial Management Amendment Number One DEPARTMENT: Airport BCC DISTRICT: 2 STATEMENT OF ISSUE: The Airports Department requests the Board of County Commissioners approve Amendment Number One to Public Financial Management's contract (C03-0786-AP) to extend their contract at the Destin - Fort Walton Beach Airport. BACKGROUND: On September 21, 2010 the Board approved the Public Financial Management, Inc. contract to provide the Destin - Fort Walton Beach Airport financial advisory services to include development of a financial plan, evaluate the resources available for funding, analyze various funding options, and provide related services to the issuance of bonds. Public Financial Management and County agree to extend the contract on a month-to-month basis until a new contract is in place. Public Financial Management's certificate of insurance is attached along with the internal contract and lease coordination sheet. OPTIONS: Approve, Reject or Table. RECOMMENDATIONS: It is Staff's recommendation that the Board approve Public Financial Management's Amendment Number One as described above. RECOMMENDED BY: APPROVED BY: John Hofstad, County Administrator